Schaeffer's Trading Floor Blog

A Turn Lower

by 10/13/2004 10:36 AM
Stocks quoted in this article:

An hour into the session the indices have taken a turn lower. The COMP is still in positive territory but the bulls are on the run at the moment.

Index Index Value Point Change Percent Change
S&P 500 (SPX) 1119.4 -2.5 points -0.22 percent
Dow Jones Industrial Average (DJIA) 10063.8 -13 points -0.1 percent
Nasdaq Composite (COMP) 1932.1 6.9 points 0.36 percent
Russell 2000 (RUT) 573.5 -3.3 points -0.57 percent
CBOE Market Volatility Index (VXO) 15.3 0.11 points 0.7 percent
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Earnings Follow-up

by 10/13/2004 9:51 AM
Stocks quoted in this article:

Below are the four stocks mentioned earlier and their percentage change on the day. As you can see, the dynamic duo of tech are both trading higher by a decent amount while ACN is getting smacked on their cautious outlook. As expected (based on the futures activity this morning), the major indices opened higher with the COMP leading the way...

  • INTC +4.3%
  • YHOO +5.2%
  • HDI -2.1%
  • ACN -11.8%

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Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on yesterday's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Global Crossing Ltd. (GLBCE) 13.6 62.5 14.53 -1.58
Travelzoo Inc (TZOO) 11.4 58.4 63.35 1.59
Level 3 Communications, Inc. (LVLT) 10.7 17.8 3.30 3.04
Central European Distribution Corporation (CEDC) 8.0 20.8 25.12 0.12
Catalina Marketing Corporation (POS) 6.5 12.2 25.41 -3.86
TASER International, Inc. (TASR) 4.5 88.4 38.68 1.29
ADTRAN, Inc. (ADTN) 4.4 10.6 21.38 4.25
Given Imaging Ltd. (GIVN) 4.4 31.8 44.07 0.48
Tom Online Inc. (TOMO) 4.3 920.0 12.99 1.54
Atheros Communications, Inc. (ATHR) 4.1 10.0 9.57 0.31
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Troubles in Metals

by 10/13/2004 8:55 AM
Stocks quoted in this article:

Gold is now down five points but the weakness isn't isolated to the yellow metal. Silver is getting hit as is copper and other metals...


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Its a Buy

by 10/13/2004 8:47 AM
Stocks quoted in this article:

New weekly data is out from Investors Intelligence. The percent of bulls ticked up to its highest point in more than two months while the percent of bears dipped slightly - click here to see the chart...


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